AnyBody have this AFL

niftyoption

Well-Known Member
#1
AnyBody have previous day high and low points showing green dot above the previous day high point and red dot showing below the previous day low
 
#2
Intraday Trading System � Using Moving Averages with Stochastic
Basic setup � 15 Minute Charts with 3 EMA & 6 EMA plotted on price and Stochastic with 8,4,3 setup.

Basic Rules �

1. Avoid Trading signals in first & last 30 minutes
2. Risk Reward Ratio is 1:1
3. Decide loss per trade before entering into trade and accordingly
adjust the quantities. ( I am betting Rs 1000 per trade)

Buy Signal �

1. When Stochastic is trading below 50-55 range and 3 EMA is
crossing over 6 EMA, go long above high of the candle in which
signal is generated with stop loss placed below days low or near
any pivot point.
2. When 3 EMA is already trading above 6 EMA but stochastic is in sell
mode, do not go long & wait for stochastic buy signal, if signal is
generated, go long above high of the candle in which signal is
generated.
3. Please have patience and let the candle to complete, no trade is
being done by market order, let every trade be stop loss to buy
above certain point.
4. Here we are trading with risk reward of 1:1, hence whatever stop
loss you are placing must be equal to the target. Hence keep sell
order as and when you entered in to the trade. For eg. If we are
buying at 100 and stop loss is 98.50 then our target must be 101.50

Exit Rules �

1. Exit on Achieving of Target
2. Exit by Triggering of stop loss
3. Exit if you are long and there is a negative crossover of Moving
averages (3 EMA < 6 EMA). Stop loss will be revised below low of
such candle in which downward crossover is seen.
4. If you are long, avoid all stochastic sell signals thereafter, only
focus on EMA crossover. Hold positions till target achieves or SL
hits or SL needs to be revised.






Sell Signal �

1. When Stochastic is trading above 45-50 range and 3 EMA is
crossing under 6 EMA, go short below low of the candle in which
signal is generated with stop loss placed below days high or near
any pivot point.
2. When 3 EMA is already trading below 6 EMA but stochastic is in buy
mode, do not go short & wait for stochastic sell signal, if signal is
generated, go short below low of the candle in which signal is
generated.
3. Please have patience and let the candle to complete, no trade is
being done by market order, let every trade be stop loss to sell
below certain point.
4. Here we are trading with risk reward of 1:1, hence whatever stop
loss you are placing must be equal to the target. Hence keep buy
order as and when you entered in to the trade. For eg. If we are
selling at 100 and stop loss is 101.50 then your target must be
98.50.

Exit Rules �

2. Exit on Achieving of Target
3. Exit by Triggering of stop loss
4. Exit if you are short and there is a positive crossover of Moving
averages (3 EMA > 6 EMA). Stop loss will be revised above high of
such candle in which upward crossover is seen.
5. If you are short, avoid all stochastic buy signals thereafter, only
focus on EMA crossover. Hold positions till target achieves or SL
hits or SL needs to be revised.

Some Back testing Facts �

1. I personally do not have any automatic (algorithm based) back testing facility as I am using software which does not have back testing options, hence back testing is done manually, hence may contain some errors.
2. I have back tested on many stocks, including Nifty futures, but this system best works with stocks with high liquidity and small daily range. I prefer UNITECH, SUZLON, RNRL and SATYAM for this system to trade.
3. I have attached back testing I have done on Unitech for past one month. Results are good.



Small Request �

1. This system was originally developed for Forex markets, but subsequently modified for the Equity market with changing in default parameters.
2. Since I am trading using this system for quite a small period of time, I would request veteran members who have enough data, software and algorithm to back test my strategy.
3. I request everyone to understand logic behind the system before entering in to the trade. This system is only for intraday movement based on certain criteria and position must be closed out EOD, do not carry forward based on intraday signals.
 
#3
Cyberactacy...

Post something your own...

Saala Chor..

( Go and check my posts.. this system was posted by me way back in Feb-2010.. and thank fully .. its not fruitful.. so avoid..)
 

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